Yep, I used a cradle next to our bed. DD stayed in it until she was six months old (and she's a tall baby).

I also used the pram bassinette heaps too so I could have her in the same room as me for her day sleeps. Plus, we took it with us when we went away for the odd weekend.

Definitely worth it for us.

And when she went into her big cot, it was like having a newborn again because she looked so little!